Quote from: I_Anime on Today at 12:08:29 AM

Quote from: Futurexxx on May 24, 2025, 04:47:07 PM

Quote from: JayJuanGee on May 24, 2025, 01:26:18 PM

Quote from: Futurexxx on May 24, 2025, 10:25:47 AM

Quote from: Sonia_123 on May 23, 2025, 11:36:02 PM

Quote from: Bitcoin.com97 on May 23, 2025, 08:32:17 PM

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Keeping your Bitcoin in an exchange is really an unwise thing to do because if anything happens to that exchange in question, like hacking or internal theft, or like in the case of FTX, just know that you asset is gone, that's why it's advice to store your Bitcoin in a self custodian wallet like electrum where only you have access to, and one funny thing is that, most investors have heard of this statement before which is not your key, Not your coin, but they really don't understand what that statement mean, but in essence of all am trying to say is that keeping our Bitcoin in an exchange is a terrible mistake we should avoid by all means because once that exchange goes down, at that moment, your asset are gone.

(Repeated message, version 1) So if Bitcoin.com97 was saying that every week he was going to be buying $10 worth of bitcoin, then how frequently are you suggesting that he withdraws his bitcoin from the exchange? Every week? month? quarter? twice a year? yearly? or something else?

If Bitcoin.com97 sticks to $10 per week, then monthly withdrawals would be $40 to $50 each time. Quarterly would be around $130. Twice a year would be $260. Yearly would be $520. What levels of withdrawal are you recommending Futurexxx?

In my own opinion, it should be done at the earliest opportunity, but the major problem here is the amount involved, because $10 is too small to be doing that weekly because the fees alone will be reducing the fraction of the Satoshi bought.
So on that note, due to the amount involved, I think that the logical thing to do is to do it in his second acquisition, which is $20, wish might cost him only $0.50 in fees.

Just like JayJuanGee said , is better to have certain amount as your threshold, you can choose to start with $200 but $500 would have been nicer , but the thing is that it you are the type is accumulating $10 weekly , is better to store it first on your exchange ( a good exchange with good reputation) because you be storing some values there (bitcoin) for a while before transferring it to your private wallet.

I know some folks will be like $200 or $500 will take much time for someone accumulating with $10, but let be frank that folks won’t be stagnant for that long with $10 is gonna find means to increase his accumulation money because no one want to be left behind . The reason why some folks usually start with small money is because they don’t have much to spend but as time if they start accumulation, they will know how to tackle things .

While some is because they still have doubt they are not taken their accumulation serious bitcoin as shows countless sign of it being one of the best investments so far , and some folks are still at there doubting , take action now build you bitcoin stash , as you are accumulating find means of keeping your asset secure and safe.

in my opinion JayJuanGee's opinion is also the most appropriate because indeed by temporarily collecting btc on the exchange is a good way and of course by collecting btc until the btc is collected if in usdt it is more than $ 100 of course that is a wise thing and of course with the condition that we must be able to choose a good and trusted exchange and honestly if I personally choose an exchange to accommodate my btc I prefer an exchange that already has permission from the government and also the exchange and the government will be ready to intervene if the exchange is cheating. and of course for others I also think you have to be smart in choosing an exchange and of course you have to look for an exchange that of course has permission from the government of that country.

but in my opinion in this case it depends on each individual because of course even if for example we have a little btc like if it is cashed out $20 of course if it is withdrawn to a personal wallet it certainly doesn't matter as long as the cost is cheap and of course the most important thing is we don't forget our wallet password if we have put our btc in the wallet, because if we forget the password or lose the key it will certainly make us sad too.

keep up the spirit dca for everyone. Cheesy